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SENATE RESOLUTION NO. 270
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WHEREAS, Representatives of liquefied natural gas |
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projects, exploration and production companies, state business |
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and trade groups, pipeline companies, government, and other |
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stakeholders are gathering in Austin on February 25, 2015, to |
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highlight the benefits of liquefied natural gas exports; and |
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WHEREAS, Pioneering exploration and extraction methods have |
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opened vast natural gas resources to development, and demand on United |
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States natural gas markets can now grow with little impact on domestic |
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prices; plentiful supplies and unprecedented advances in technology |
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also present a historic opportunity for the United States to achieve |
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energy self-sufficiency while creating jobs and wealth; and |
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WHEREAS, Global demand for liquefied natural gas is expected |
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to climb significantly over the next two decades; the United States |
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Department of Energy estimates that, by 2035, natural gas production |
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levels will be 55 percent higher than was estimated only four years |
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ago; this trend can satisfy all domestic demand while also allowing |
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the nation to export natural gas; and |
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WHEREAS, According to recent studies, the expansion of |
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liquefied natural gas markets will generate as much as $86 |
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billion in net benefits to the nation's economy and will help |
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reduce the United States trade deficit by as much as $60 billion |
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by 2038; moreover, increases in liquefied natural gas exports |
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could create more than 450,000 American jobs, including tens of |
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thousands of jobs in construction and operations; every two |
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billion cubic feet per day of exports supports 50,000 jobs in the |
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exploration and production sectors; and |
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WHEREAS, In Texas, proposed construction and operation of |
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multiple liquefied natural gas export facilities along the Gulf |
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Coast will encourage new direct infrastructure investments worth |
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billions of dollars, will contribute royalties and local tax |
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revenues to communities across the state, and could create up to |
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155,000 Texas jobs; and |
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WHEREAS, Liquefied natural gas exports will contribute to the |
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nation's global energy leadership and to other vital goals, among |
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them stability in natural gas pricing, increased business |
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investment, job growth, and higher revenues for communities in |
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natural-gas-producing areas; now, therefore, be it |
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RESOLVED, That the Senate of the State of Texas, 84th |
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Legislature, hereby recognize February 25, 2015, as Liquefied |
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Natural Gas Day at the State Capitol and extend to all those |
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participating in this event sincere best wishes for an enjoyable and |
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educational visit to Austin. |
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Estes |
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________________________________ |
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President of the Senate |
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I hereby certify that the |
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above Resolution was adopted by |
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the Senate on February 25, 2015. |
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________________________________ |
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Secretary of the Senate |
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________________________________ |
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Member, Texas Senate |